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Help to Buy: Equity Loan

If you dream of owning your own home one day, at Red Loft we’re here to make it a reality. We can help you unlock the full potential of the government’s Help to Buy schemes to make this big leap more of a gentle jump.

What is Help to Buy: Equity Loan?

This is a government scheme for first-time buyers. It provides a loan, called an equity loan, that you put towards the cost of buying a new build.

If you’re eligible for an equity loan, you can borrow up to 20% (40% if you’re in London) of the market value of a new build.

What is help to buy

Eligibility for Help to Buy: Equity Loan

In order to be eligible for a Help to Buy: Equity Loan, there are several general criteria you must meet.

  • You must be at least 18 years’ old.
  • You must be a first-time buyer.
  • You must have at least a 5% deposit and pass a financial assessment carried out by an Independent Financial Advisor (IFA).
  • The home you want to buy must be newly-built and cost no more than £600,000 in London (outside London, regional caps will vary).
  • Not own, or have ever owned, a home or residential land now or in the past in the UK or abroad.
  • Not have had any form of Sharia mortgage.
  • This scheme ends in March 2023.
Our approach

The Red Loft approach

The Red Loft approach to Help to Buy: Equity Loan is designed to be transparent, informative and above all useful. We walk you through the eligibility process to determine whether you meet the criteria from the outset. If you do, we put you on our mailing list and keep you up to date with Help to Buy: Equity Loan opportunities tailored to you.

  • 1 Establish what you’re looking for
  • 2 Consider your ownership options
  • 3 Suggest ideal viewing opportunities
Lena Kennedy 30 of 32 min
We had a very good experience, being first-time buyers we didn’t have much information on the process. Moiz & Nikki were very helpful and answered all questions we had! We appreciate the help.

Centenary House, Help to Buy
Industry recognised

Our award-winning team at Red Loft is recognised by professionals in the housing industry for our specialist understanding and customer service.

Take a seat

Take a seat

If you would like to learn more about any of our services, or are interested in purchasing a home through any of the schemes described, our team are more than happy to help.

Happy homeowners from all walks of life…

We’re proud of our team’s commitment – one that sees us continually go above and beyond to ensure that every person who receives their keys is content and happy in their new property.

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